https://polkadot.network/
Founder  Gavin Wood
https://twitter.com/gavofyork
"Founder of Parity Technologies. Co-Founder of Ethereum. Building Polkadot. Blockchain bloke. All things Web 3.0"

A bit of history about the project.
Project since 2017, this year 50% of coins were sold on ICO.

https://icodrops.com/polkadot/

ICO raised $ 144 million, the average purchase price of a coin 30 cents !

Polkadot ICO lost $91 Million to parity bug.
https://www.reddit.com/r/ethtrader/comments/7bd0tm/polkadot_ico_lost_91_million_to_parity_bug/

The project remains $ 53 million

In 2019, the project launched a network, in 2020 new token sale was carried out, the average token price is $ 1.2-1.5

https://www.coindesk.com/polkadot-raises-43m-in-72-hour-private-sale-source
"A second private sale of the Polkadot token (DOT) netted the Web3 Foundation and Parity Technologies some 3,982.07 bitcoin (BTC) worth an estimated $43.3 million at press time, according to sources."

Announcements of projects
https://forum.web3.foundation/t/teams-building-on-polkadot/67
http://polkaproject.com/

Statistics
https://polkastats.io/

Staked
572.229M DOT (58%)
Cool, what does that mean?

Tokens healed in staking cannot be released immediately, they need to wait 28 days.
Tokens bought on the second token sale are also locked for 4-5 months (correct if I was wrong)

Therefore, nothing prevents the price of a coin from flying to the moon!

How many willing investors do you think will want to sell their tokens for $ 6? (their cost price is 30 cents)

I think a lot, so the most prophetic investors will soon run out of 28 days (this will come on September 7-12) and the price will sharply drop down.

There is a chance that the price will increase if the token is traded on the coinbase exchange, but I think that the price will fall dramatically.

I also planned to buy this coin, but after talking with different people, I changed my mind while investing in it.
I will wait until mid-September.

Your opinion?

Very good and informative analysis.
I've recently bought some DOT on binance, and in the meantime it pumped about 30% (which is good for me).
However, after reading this, i might sell atleast half of my bag before september 7th.
Worst case, if it sharply drops, i might rebuy with lower price to get a better DCA

Yeah there is the possibility of a huge sell off comes September 7 - 12 with a cost price of $0.30 definitely many will take profit no doubt but I think some will sell depending on the upcoming news the team have, sometimes things don't always go the way it is expected, I have seen several cases where people anticipate a fall in price but the opposite will happen.

this is the more reason why one should make detail research on a coin before rushing to buy into it.. I heard about this coin few days ago.. and was planning to buy into it before reading this thread.. thanks for the head up

I like your strategy and what you wrote. I also do not believe in the endless pump in prices and I also expect when the price starts to fall. the project is really good but now the price of the coin is too high. I want to buy at $ 2

this informations is very helpfull for me, last day i bought polkadot 2000$ worth dot  at 5.5$ price and sell it on 6.2$, today i wish to buy more to make small profit by holding it 1 day, but after reading your threads im still think twice to buy and take small profit like before, im afraid that the hype will gone right after i buy and then the price wont rise anymore, well lets see how long the hyper dot price above 5$ is continue or the price will down below 4$.

This is very helpful information that you have given, especially now that I have been monitoring DOT after a friend recommended that I take a quick look at this. It would be much better for all of us to wait for the date where the price will sharply drop, that way we would be able to buy at a very low price and be able to help earn more once the price starts to go up again. The information is pretty straightforward and is a warning to us. So I will listen and monitor this further as the days pass by.

That is all I member. It is good to see that that bug did not sunk the project. Suddenly 2/3 of founds vanished.

Polkadot is trending coin at the moment and looks like it is the choice of big investors for now which is keeping the price up. I have seen most projects dropping in price first after listing on exchanges but dot just seem to go up.